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assigned risk
noun[ C ]
USukus
INSURANCE
a person who is refused insurance because of their previous record and must buy insurance from particular insurance companies who can charge them more money:
assigned risk insurance/planState insurance regulations require property and casualty insurers to participate in assigned risk plans to provide high-risk cases with basic insurance coverage.
Examples of assigned risk
assigned risk
A pool for these risks (assignedrisk pool) may still be necessary.
For income and maternal education, respectively, these cut-points assignedrisk status to 10.6 and 25.4% of the sample.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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